Goldwind

Xinjiang Goldwind Science & Technology Co., Ltd., commonly known as Goldwind, is a Chinese state-owned[2] multinational wind turbine manufacturer headquartered in Beijing, China.[3] Goldwind has deep links to the Communist Party of China and its largest shareholders include Hexie Health Insurance, China Three Gorges Renewables Group, and the National Social Security Fund, all state-controlled corporations.[3] Its founder, Wu Gang, is a long-standing member of Communist Party and was a deputy to the 12th National People's Congress.[3]

Xinjiang Goldwind Science & Technology Co., Ltd.
SEHK: 2208
SZSE: 002202
IndustryWind power
Founded1998 (1998)[1]
FounderWu Gang
Headquarters
Beijing, China
Key people
Wu Gang (Chairman)
ProductsWind turbines
Revenue
  • HK$ 30.6 B (2016)
  • HK$ 37.06 B (2015)
  • HK$ 22.27 B (2014)
Number of employees
6,000 (2012)
Websitewww.goldwindglobal.com

In 2016, it was ranked third for onshore and also third for offshore turbine manufacturing by Bloomberg New Energy Finance.[4]

History

Xinjiang Wind Energy, the predecessor of Xinjiang Goldwind, was founded by using a $3.2 million grant, given by the Danish government, which they used to build China's first wind farm at Dabancheng.[5] Dabancheng wind farm, opened in 1989, consisted of the thirteen small, 150 kilowatts, wind turbines made by Danish turbine maker, Bonus Energy A/S.[5]

Goldwind was founded by Wu Gang as part of China government's 863 Program and was funded by the state.[3] The funding helped Goldwind open its first assembly plant in Urumqi and sign technology transfer agreement with a German turbine manufacturer Vensys.[3]

In 2008, Goldwind purchased its permanent magnet direct-drive (PMDD) technology from Vensys.[6] Goldwind had 1,500 employees in 2009.

In 2010, Goldwind acquired a $6bn low-interest loan from the government-owned China Development Bank as part of its expansion plan.[3]

In 2015, Goldwind became the largest turbine manufacturer in the world[7] but in 2019 Vestas took over.

Operations

With offices and facilities throughout Asia, Europe and the Americas, Goldwind employs over 6,000 staff and, combined, has an installed capacity base of 38 gigawatts (GW) across six continents. Goldwind is principally engaged in research, development, manufacturing and marketing of large-sized wind turbine generator sets. The company's major products include 1.5MW, 2.0MW, 2.5MW, and 3MW(S)[8] Permanent Magnet Direct-Drive (PMDD) wind turbine generators. The company also provides wind power technology services, investment and sale of wind power projects and technology transfer service.

Goldwind Americas, a wholly owned subsidiary of Xinjiang Goldwind Science & Technology, Co., Ltd., is based in Chicago, Illinois, and currently employs approximately 100 individuals. Goldwind Americas (Goldwind USA, Inc.) has installed approximately 500 MW of PMDD turbines. In 2016 and 2017, Goldwind acquired two Texas projects totaling a combined capacity of 300 MW. Once constructed, the Rattlesnake Wind Project[9] and Heart of Texas Wind Project [10] will be Goldwind's largest U.S. projects to date. In 2017, Goldwind obtained $140m in tax equity financing commitments from a unit of Berkshire Hathaway Energy and Citi for its 160MW Rattlesnake wind project in central Texas – easily the most financing of US origin yet secured by a Chinese turbine OEM in the U.S. market.[11] Goldwind Americas also manages and operates the company's Panamanian team, which oversees the Penonome I and Penonome II wind farms totaling 270 MW, and the Chilean service operations team.

Goldwind Australia is the Australian subsidiary that owns and operates both wind and solar energy farms in Australia.

Products
Goldwind turbines in operation at a wind farm outside of Urumqi in Xinjiang, China

In 1998 Goldwind started the production of Jacobs 43/600 and Jacobs 48/600 turbines. This German wind turbine with conventional geared drive train is similar to HSW600 and was designed by aerodyn Energiesysteme. Later the design has been geared to Jacobs 48/750 and Goldwind by the German engineering consultancy aerodyn.

Nowadays Goldwind turbines are exclusively PMDD machines.

Goldwind's initial use of the PMDD fully converted design came through its partner and eventual subsidiary Vensys Energy, with the VENSYS 62 which has been in operation since 2004.

PMDD models above 1000 kW

  • 1.5 MW
  • 2.0 MW
  • 2.5 MW
  • 3 MW (S) (onshore & offshore)
  • 6.0 MW (offshore only)
  • 10 MW (offshore only)

Previous generation models below 1000 kW

  • 600 kW series wind turbine
  • 750 kW series wind turbine

See also

References
  1. "Global expansion of China's Goldwind set aloft by low-cost turbines". Nikkei Asia.
  2. "Goldwind mines South America". Asian Power.
  3. Clowes, Ed (20 June 2020). "The Huawei of green energy: How China's Goldwind is taking over the turbine world" – via www.telegraph.co.uk.
  4. "BNEF 2016 wind turbine manufacturers ranking". Bloomberg New Energy Finance. 22 February 2017. Retrieved 15 June 2017.
  5. "The Greening of Asia: The Business Case for Solving Asia's Environmental Emergency". 9 April 2015.
  6. "China - Xinjiang Goldwind to acquire 70% of German wind-turbine maker". Windfair. 2 February 2008.
  7. "Goldwind took 12.6% last year - FTI". Windpower Monthly. 3 March 2016. Retrieved 25 April 2016.
  8. "Goldwind grid-links next-generation 3MW flagship". Recharge. 16 January 2017. Retrieved 8 August 2017. (subscription required)
  9. "Goldwind US financing milestone as Buffett and Citi back Rattlesnake". Recharge. 1 May 2017. Retrieved 27 July 2020. (subscription required)
  10. "Goldwind buys second 160MW Texas project". Recharge. 25 May 2017. Retrieved 8 August 2017. (subscription required)
  11. "Goldwind US financing milestone as Buffett and Citi bac". Recharge. 1 May 2017. Retrieved 8 August 2017. (subscription required)
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